Cancana Announces Extension of Warrants and Amendment to Grant of Stock Options
April 29 2014 - 6:45PM
Marketwired
Cancana Announces Extension of Warrants and Amendment to Grant of
Stock Options
TORONTO, ONTARIO--(Marketwired - Apr 29, 2014) - Cancana
Resources Corp. (TSX-VENTURE:CNY) (the "Company" or "Cancana") is
pleased to announce that an application has been approved by the
Toronto Venture Exchange to extend the term of the 770,000 warrants
issued by the Company on May 11, 2012 (the "Warrants"). The
Warrants were scheduled to expire on May 11, 2014, but will now
expire on May 11, 2015. All other terms of the Warrant will remain
in effect. For additional information on the original issuance of
the Warrants, please refer to the press release of the Company
dated May 3, 2012 and filed on SEDAR.
Warrantholders are advised that replacement Warrant certificates
will not be issued and that the original Warrant certificates must
be presented to Cancana in order to effect the exercise of such
Warrants.
Further to the news release dated April 28, 2014, the Company
announces that it has reduced the number of options granted from
3,500,000 options to 3,200,000 options, in the aggregate. All other
terms of the options as set out in the Company's news release of
April 28, 2014 remain the same.
About
Cancana
Cancana is an exploration stage company that has transitioned
into production with assets in Brazil and Canada. The Company has
been seeking projects that expand its resource base and provide for
near term production and revenue. All available resource reports
and information on the Company's properties are located on the
Company website: www.cancanacorp.com.
Issued on behalf of the Board of Directors of Cancana Resources
Corp.
William Pfaffenberger, Chairman of the Board
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this press release. This press release contains forward-looking
information under Canadian securities legislation. Generally,
forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements
that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are based on the opinions and estimates
of management as of the date such statements are made.
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Cancana to be
materially different from those expressed or implied by such
forward-looking statements, including but not limited to those
risks described in the annual information form of Cancana and in
its public documents filed on SEDAR from time to time. Although
management of Cancana has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. Cancana does not undertake to update any
forward-looking statements, except in accordance with applicable
securities laws.
Cancana Resources Corp.+1 403 269
2065cancana.ir@cancanacorp.comwww.cancanacorp.com